Leidos US$1.5bn revolving credit facility amendment and restatement (2026)
Working capital and general corporate purposes
Key terms
- Borrower or issuer
- Leidos
- Date
- 12 Feb 2026
- Type
- Bank facility
- Amount
- US$1.5bn
- Pricing
- Unused commitment fee 0.08% to 0.20% (ratings grid)
- Maturity
- 2031-02-12
Recorded terms
- Structure
- Revolving credit facility upsized from US$1.0bn to US$1.5bn and extended five years; existing term loan unchanged
- Lenders and arrangers
- Citibank, N.A. (administrative agent) and a syndicate of lenders
- Country
- United States
Parties
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 12 Feb 2026 | Quantum Systems €150m long-term debt package (EIB, Commerzbank, Deutsche Bank, KfW) | Bank facility | €150m |
| 27 Feb 2026 | Booz Allen Hamilton US$2.25bn revolver and term loan A-2 (2026) | Bank facility | US$2.25bn |
| 28 Jan 2026 | Leonardo DRS US$500m senior unsecured revolving credit facility | Bank facility | US$500m |
| 10 Mar 2026 | Leonardo €600m ESG-linked term loan (2026) | Bank facility | €600m |
| 16 Mar 2026 | Oshkosh US$1.6bn revolving credit facility | Bank facility | US$1.6bn |
More from Leidos
| Date | Financing | Type | Amount |
|---|---|---|---|
| 20 Feb 2026 | Leidos US$1,400m senior notes (2 tranches) | Bond | US$1.4bn |
| 18 Feb 2025 | Leidos US$1,000m senior notes (2 tranches) | Bond | US$1bn |
| 10 Mar 2023 | Leidos US$2.0bn unsecured term loan and revolver (2023) | Bank facility | US$2bn |
| 17 Feb 2023 | Leidos US$750m 5.750% notes due 2033 | Bond | US$750m |
| 9 Oct 2020 | Leidos US$1,000m 2.300% notes due 2031 | Bond | US$1bn |
| 12 May 2020 | Leidos US$1,750m senior notes (3 tranches) | Bond | US$1.75bn |
M&A and investment involving Leidos
| Date | Deal | Type | Value |
|---|---|---|---|
| 4 May 2020 | Leidos acquisition of L3Harris security detection businesses | M&A | US$1bn |
| 31 Jan 2020 | Leidos acquisition of Dynetics | M&A | US$1.65bn |
| 16 Aug 2016 | Leidos combination with Lockheed Martin IS&GS | M&A | US$4.6bn |
Sources
- Leidos Form 8-K (Amendment and Restatement Agreement) sec.gov · 17 Feb 2026
About this record
Record DEF-2026-0048, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
A revolving or term facility is a relationship loan from a bank group, priced at a margin over a reference rate, with financial covenants and an agent.
